Supplier Bulletin

B2B Online Platform Get-Diamonds to Launch Innovative Online Tenders for Polished Diamonds

Supplier BulletinMar 24, 2022

B2B Online Platform Get-Diamonds to Launch Innovative Online Tenders for Polished Diamonds

Sponsored by Get-Diamonds

Owned by the World Federation of Diamond Bourses, Get-Diamonds, the world’s largest B2B online platform for listing polished diamonds, is on a mission to empower all diamond traders. With a current inventory of more than 1.7 million diamonds from 4,600 suppliers, totaling a value of over $6.6 billion, the company has now turned its focus on creating online tenders that will serve the entire industry. For the first time ever, suppliers of all sizes will have the opportunity to buy and sell diamonds through targeted sales events, previously available only to large suppliers.  
 
The latest addition to the Get-Diamonds site, the new end-to-end online tenders service is designed to pinpoint the most sought-after and competitively priced diamonds, allowing businesses of any size to find growth opportunities via digital trading environment. Easy to operate, as well as built to enhance trader’s exposure to a wider source of potential clients, Get-Diamonds online tenders establish a secure environment that comes with a guaranteed, risk-free digital transaction and logistics process managed by 130-year-old industry stalwart, Hennig and is powered by tech innovator Lucy Platforms.
 
Utilizing industry-unique AI technology, the process begins with the selection of the most in-demand, competitively priced polished diamonds on the Get-Diamonds platform. Suppliers have the opportunity to approve the selected diamonds up to five days prior to the event. The Tender Catalog will be released 24 hours prior to the tender opening and all items presented within will be available for bidding once the tender begins.
 
When the tender ends, a diamond is sold if a bid matches or exceeds the reserve price set by the supplier. In the case of bids being lower than the reserve, the supplier may choose to accept or decline the offer. Once a transaction is approved and verified, a seamless logistics process commences, including stone verification, invoicing, payment, and shipping. 
 
Get-Diamond's inaugural tender will take place on Thursday, March 31st, with bidding opening on March 30th. Pre-registration on the platform is required and information can be found here.

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